Describe how different business organizations operate in the global legal environment and identify the domestic and global legal issues that impact the various business structures and how those issues can be effectively managed.
This regarding entity business plan.© BrainMass Inc. brainmass.com October 24, 2018, 10:59 pm ad1c9bdddf
The response addresses the queries posted in 781 words with references.
//Before working on the identification of legal issues at domestic and global level, you must be having some understanding of legal environment around the world and its impact on different business organization. I am going to provide you with an idea about domestic and international legal environment and its impact on various business structures. Additionally, I am providing you with an understanding for managing these issues effectively, which will be helpful for you in completing your assignment. //
The government set the legal framework within which the business organizations operate. Legislations defining property and business organizations, laws of contracts and bankruptcy, mutual obligations of labor and management and a multitude of laws and regulations constrain the way business activities are carried out to constitute legal environment of business (Misra & Puri, 2005). In international markets, the legal environment regulates the operations of firms. Business organizations have to understand the nature and complexity of the whole range of legislation, enactments and legal provisions relating to business (Global Business Environment, 2007). Governments impose various strict laws to protect the business organizations from cut- throat global competition.
A business organization has to go under various laws and regulations. Government imposes ...
644 words, APA References.
Global Business Management Joint Ventures
The company you work for would like to expand its United States business in the country of Croatia. The company would provide new technology to manufacture light bulbs, and you would take over the managerial aspects of the project from the beginning of the project in Croatia if the project is accepted. You must decide from your research if this would be an advisable project for your company, and present your business plan and recommendations to your managers.
1. The company wants to use a joint venture or wholly owned subsidiary. Discuss both modes, but identify the better of the two modes of entry into the country, justify your selection, and develop a strategy for a successful mode of entry.
2. Research and discuss these issues:
A. Advantages and disadvantages of an American business in Croatia.
B. Country overview:
a. Political overview and possible risks. (Democracy or totalitarianism? What form of political influence? Wartime influence? Explain)
b. Legal system overview information.
c. Economic overview (Individualistic or collectivism? What would be the influences for your company?)
d. Social overview (language, cultural, customs, traditions, values, and ethical challenges).
C. Investment overview and the business environment.
D. The HR strategy you would use; include the types of workers you would use and why (women, expatriate, home-country nationals, host-country nationals, etc.)
E. What exit strategy (contingency plan) would you suggest? Explain.
E. Make a recommendation for your company to enter into this project or reject it and explain why.
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